US farmer sentiment rises in October as current conditions improve, CME survey shows
CME•The Ag Economy Barometer rose to 126 in October from 123 in September as current conditions improved. Future expectations slipped 2 points, while the Farm Capital Investment Index rose to 55 from 39.
1. Sentiment and investment
The Ag Economy Barometer rose to 126 in October from 123 in September, and the Current Conditions Index gained 16 points. Future expectations slipped 2 points, with high input costs remaining farmers’ biggest concern.
2. Farm finances and tariffs
The Farm Capital Investment Index climbed to 55 from 39, although only 20% of farmers said it was a good time for major investments. Strong balance sheets were reported by 62%, down from 75% in January. The share expecting increased U.S. tariffs to strengthen agriculture over the long term fell to 35%, from 49% to 70% in previous surveys.
